Defeating Hyperbolic Discounting: The Economics of Self-Control

The Logic of Irrationality

Hyperbolic Discounting is a cognitive bias where we value immediate rewards disproportionately higher than future rewards. This is why you skip the gym (immediate comfort) despite the long-term health cost.

The "Present Bias" Trap

Financial failure is rarely an IQ problem; it is a behavioral problem. We are wired to consume now.

Hacking the Loop with FinleyBook

FinleyBook counters this by turning long-term goals (Investing) into short-term dopamine hits (Completing a Daily Mission). By gamifying the process, we align your "Present Self" with your "Future Self".

Strategic Implementation

Automate your investments. If you have to "decide" to save every month, you will lose to hyperbolic discounting. Make the good choice the default choice.